Semiconductor manufacturer financial model, built free.
A three-statement Excel model for a semiconductor manufacturer (IDM, foundry or memory), built from your own figures and checked to balance.
- Free account
- No card
- Usually ready within the hour
We use generative AI in parts of our process, so mistakes can occur. Every model should be checked by a person before it is relied on. Read more
Owns wafer fabs and makes its own chips (integrated device maker or memory producer) or other companies' chips (foundry), with very high fixed costs, multi-billion capex per fab and margins driven by utilisation and pricing.
In short
- 01
Three linked statements
Income statement, balance sheet and cash flow, linked in every period.
- 02
Valued two ways
Discounted cash flow and trading multiples, side by side.
- 03
Monthly to annual
Monthly, quarterly, half-yearly or annual periods, for up to 30 years.
- 04
Checked every period
A Checks sheet shows the balance sheet balances and the cash reconciles.
The sample, as Excel draws it.
Built by the same system and checks as yours: its structure and its inputs, ready for your own figures.
The sample describes no real business. Yours is calibrated to your own figures, so its results are your business’s.
How the model works for a semiconductor manufacturer.
- How it earns revenue3 formulasRevenue (top-down) · Across the businessRevenueUnits soldAverage priceCapital grants and contributions · Across the businessClosing unspent capital grantsOpening unspent capital grantsCapital grants received (ahead of spend)Capital grants and contributions (income)Capital grants and contributions · Across the businessCapital works spend (all projects)Project 1 spendProject 2 spendProject 3 spendProject 4 spend
- What drives its costs3 formulasMaintenance · All plantsMaintenance costFixed maintenanceVariable maintenance (production × cost per unit)Direct costs (top-down) · Across the businessCost of salesRevenuefrom statementsGross marginOperating expenses · Across the businessTotal FTEsOperations and deliverySales and marketingTechnologyFinance, HR and administration
- What it invests in3 formulasPlant capex and depreciation · All plantsPlant capital expenditureSustaining capexGrowth capexPlant capex and depreciation · All plantsPlant depreciationDepreciation of existing assetsDepreciation of sustaining additionsProject 1 depreciation (from commissioning)Project 2 depreciation (from commissioning)Project 3 depreciation (from commissioning)Plant capex and depreciation · All plantsClosing net book valueOpening net book valuePlant capital expenditurePlant depreciation
- How it is funded3 formulasDebtRepaymentsScheduled repaymentsPrepayments from an equity raise and the cash sweepDebtClosing balanceOpening balanceDrawdownsRepaymentsDebtInterest expenseOpening balanceAll-in interest rateshare of the year
- How profit becomes cash3 formulasWorking capitalTrade receivablesRevenuefrom statementsDebtor daysDays in periodWorking capitalInventoryDirect costs (positive)from statementsInventory daysDays in periodWorking capitalTrade payablesCash operating costs (positive)from statementsCreditor daysDays in period
22 parts, each one tested.
Every part is a tested building block with its own checks: yours is put together from the ones your business needs.
- Exchange rate (US dollar)Exchange rate by financial year
- Revenue (top-down)Price × volume
- Direct costs (top-down)Gross margin %
- Operating expensesHeadcount build by function
- Corporate costsFixed cost base indexed to CPI
- Working capitalFull working capital
- Income taxCorporate rate with tax losses
- DebtAmortising term loan
- Equity raisingDistribution reinvestment plan
- Dividends and distributionsPayout of net profit
- Discounted cash flow valuationDCF on free cash flow to the firm
- Multiples valuationEV / EBITDA multiple
- Capital grants and contributionsFunding mix by capital project
- InventoryWeighted average cost
- Key-metric summaryLast-twelve-month and run-rate metrics
- Covenant tests and headroomLVR, gearing and ICR for property
- Case selectionStackable stress toggles
- R&D and capitalised developmentGross R&D × capitalisation rateResearch and development expense after capitalisation, with the capitalised software asset and its amortisation.
- CPI forecastCPI glide path
- Capacity and productionOperating days × daily rate
- MaintenanceFixed plus cost per unit
- Plant capex and depreciationSustaining capex plus growth projects
The numbers it tracks.
- 01wafer starts
- 02fab utilisation
- 03revenue by node or product
- 04gross margin
- 05capex intensity
- 06depreciation
- 07free cash flow
What it is used for.
- Operating forecastGuide · Financial projections
- ValuationGuide · DCF valuation model
- Project financeGuide · Financial modelling services
- Lending and credit analysisGuide · Three-statement model
- Equity capital raisingGuide · Startup financial model
- Scenarios and sensitivities
More in hardware and semiconductors.
- Connected hardware (IoT) company financial model
- IT hardware manufacturer financial model
- Telecom equipment manufacturer financial model
- Electronic components manufacturer financial model
- Electronics contract manufacturer financial model
- Fabless semiconductor company financial model
- Semiconductor equipment maker financial model
- Semiconductor IP licensor financial model
Looking for a semiconductor manufacturer financial model template? Ours arrives built for your business, with your figures in it.
See a finished model, sheet by sheetThe sample is built on illustrative figures and describes no real business. Models are calculations prepared from the information you provide. They are not financial advice and must be independently verified. See our terms.